Word: moralizations
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Other professors called on Harvard to use its public and international stature to take a moral position against apartheid through divestment...
...unrest prompted the University to weigh the symbolic impact of pulling Harvard capital out of South Africa with possible financial losses. Some argued that Harvard ought to use its international stature to take an ethical position against apartheid and questioned the moral validity of the Harvard Corporation’s investment policy at the time...
...professor at the Kennedy School, writes in an e-mail, “In writing my open letters, I thought that it was incumbent on a Harvard president to explain in detail the University’s reasons for taking a position on an important moral issue, especially when the position was objected to by a substantial number of students...
According to Morton Keller, co-author of Making Harvard Modern, Bok was well aware of the moral implications of Harvard’s investments, but he also felt it his duty to protect the financial stability of the University...
...Derek Bok was very much double-minded about it,” Keller says. “Part of him responded favorably to the idea that there should be a moral dimension [to Harvard’s investment policy...